Retired Today - Escorted out with package!

[Lakewood90712]

Quote:

Originally Posted by jim584672 Please stop, you are all making me nervous!

Take 1 blue pill , no Alcohol.

[Calico]

Quote:

Originally Posted by jim584672 They said I would get me the agreement via FedEx which will be sent out today. Hopefully they are not playing another elaborate game. I will scream if that is the case.

I hope they do follow through. I would be nervous not having anything in writing, however.

[outdoorgirl02]

Huge congrats!!

[Retch The Grate]

My last workplace sent the paperwork by fedex, completely normal. And they were way worse than an escort out, they waited till I was driving home from the office and terminated me over the phone. I assumed I was being fired and would be screwed for unemployment, but it turned out it was just their incompetent process and everybody else that was being let go over the next six months was handled the same way. So don't worry, if they told you you are getting your paperwork in the mail, you almost certainly are.

[Free To Canoe]

Congrats Jim! Definitely don't need them anymore. No more worries!

Escorted out. At TI, getting escorted out used to be a badge of honor. People would give their notice that they were going to a competitor and then they would be "escorted" within the hour. Got 2 weeks pay without working. Different for you but the same sentiment.

[Katiek]

Congrats and enjoy this next stage of life!

[Looking4Ward]

Congratulations! What a deal - I gave four months notice with the understanding that my accrued vacation time (320 hours) would be paid out lump sum; I knew that I was giving up my accrued sick time (720 hours - I never called out sick). A couple of weeks before my last day, they told me they couldn't deviate from the policy of paying out a max of 120 vacation hours. I remember telling my boss that I would have been better off if they had fired me since it was known that past severance packages were pretty generous.

I wouldn't worry to much about the FedEx paperwork - they do that because they don't want you sitting around on-premise reviewing the paperwork and engaging them in a discussion or Q&A over it.....

[2035]

Remember severance is not earned income so it doesn't count against unemployment. I learned that in '08.


Sent from my iPhone using Early Retirement Forum

[pb4uski]

Quote:

Originally Posted by photoguy Interesting. I've been at three different mega-corps and only seen people escorted out when they've been fired. At my first mega, I was laid off but they gave us a month or two warning and reasonable severance. No escort or reduction of privileges. At my other two megas, I left voluntarily (they would have liked me to stay) and I also had complete access to my files until I turned in my computer. In fact at my last job, I was writing work emails right up until the very end.....

+1 at my mega the only time you were escorted out is if you were fired or left to join a competitor. In my last two resignations, I had access for months since in both cases I knew I was leaving and they knew I was leaving for months but my leaving was very amicable. In fact, in one case at my request they burned a bunch of files I had created over the 12 years I had been there on to a CD (I had promised to keep any company information confidential, which I did but I wanted the templates).

[DFA]

Quote:

Originally Posted by 2035 Remember severance is not earned income so it doesn't count against unemployment. I learned that in '08. Sent from my iPhone using Early Retirement Forum

I don't know about that, I got a year's severance and a bonus and I had to wait until the severance and bonus time had expired to apply for unemployment in CO since they counted it as income.

I was laid off about a year ago, they told me several days in advance, and I still have access, as the only IT person they asked me to do some contract work until they shut down the business, I thought it would be a month or two, but it has taken 11 months and I am hoping to get them shutdown in the next couple of weeks so I can get on with the rest of my life.

I have never been escorted, but have seen it done at several places I worked at. As the only IT person, at several small business, you usually know when stuff is happening because the HR person comes to you to shutdown access to the systems. It makes it tough when you know it is going to happen and you can't say anything about it.

[latexman]

Great! How did you do it? Was your work performance higher, normal, or lower than needed to yield this fantastic outcome? What about demeanor? Attitude? Etc.?

[Grigori]

Congratulations ! What a nice outcome !

It all sounds completely normal so I wouldn't worry.

[Corporateburnout]

Quote:

Originally Posted by 2035 Remember severance is not earned income so it doesn't count against unemployment. I learned that in '08. Sent from my iPhone using Early Retirement Forum

This depends on state unemployment laws. In MA and RI you are not eligible to collect until your severance payments run out.

[Buckeye]

Quote:

Originally Posted by Corporateburnout This depends on state unemployment laws. In MA and RI you are not eligible to collect until your severance payments run out.

Just file, answer the questions honestly and let the process work its way out.

I was laid off once in FL and was told by my employer I couldn't file until severance was finished paying out. I went home, filed on-line, and started receiving benefits immediately.

The only problem with receiving unemployment is that you are legally obligated to be actively searching for a job.

[2B]

I wouldn't get too worried about getting the package via FedEx. When I was flushed from one position, I was given the package but had 14 days to sign it and return it to the company. I was also watched while I packed my belongings and was escorted to the door by a HR admin person. She was totally embarrassed.

[2B]

Quote:

Originally Posted by Buckeye The only problem with receiving unemployment is that you are legally obligated to be actively searching for a job.

When asked what your biggest weakness is. Tell them that you are always totally honest. When they tell you that honestly isn't a weakness. Tell them that you don't care what they think.

[Texas Proud]

Quote:

Originally Posted by travelover Escorted out, eh? Nice final touch. Remember that if anyone calls you for work related advice.

+1 on this...


And congrats on getting what you asked for....

[DFA]

Quote:

Originally Posted by 2B When asked what your biggest weakness is. Tell them that you are always totally honest. When they tell you that honestly isn't a weakness. Tell them that you don't care what they think.

I find that asking How much does it pay up front usually ends the conversation, and if it doesn't I tell them that I would need at least $50,000 a year more and at least 6 weeks of vacation, annual bonus, company car, and telephone. No one has taken me up on it yet.

[WhoDaresWins]

Congrats! I think you got a great deal.

I gave my government agency almost two months formal written notice and had made no secret for the previous year or so that I planned to retire when I did. The last hour of the day my supervisor came to me and took my ID badge and key card access to the building and escorted me out. I mean OUT. I was deposited on the sidewalk (holding all my gifts and a vase of flowers) and the security door firmly shut behind me.

[JoeWras]

Congrats! FedEx and escorting is standard in many cases. Don't sweat it, but do let us know when it works out.

I just survived yet another RIF at Megacorp. After it was over, they sent out a FAQ that said:
Q: Can we volunteer for the RIF?
A: No. No volunteers. Stop asking.

You know things are bad at Mega when people are clamoring to be RIF'ed, RA'ed, Laid Off, Fired, etc.

So for me, it is OMY...